Press release
Investigation announced for Investors in shares of Origin Materials, Inc. (NASDAQ: ORGN) over possible Violations of Securities Laws
An investigation for investors in Origin Materials, Inc. (NASDAQ: ORGN) shares over potential securities laws violations.
Investors who purchased shares of Origin Materials, Inc. (NASDAQ: ORGN), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Origin Materials, Inc. (NASDAQ: ORGN) concerning whether a series of statements by Origin Materials, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Sacramento, CA based Origin Materials, Inc. operates as a carbon negative materials company.
On August 9, 2023, Origin Materials, Inc. announced that it has revised the timeline and raised the capital budget for the completion of its second commercial plant. Citing a "higher-cost capital project environment," the Company now expects Origin 2 will be completed in two phases, with Phase 1 completion estimated in late 2026 to 2027, and Phase 2 completion projected in 2028, compared with the company's initial expectation for a mid-2025 completion.
Shares of Origin Materials, Inc. (NASDAQ: ORGN) declined from over $10 per share in June 2021, to as low as $1.18 per share on August 11, 2023.
Those who purchased shares of Origin Materials, Inc. (NASDAQ: ORGN) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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